Domestic Sports Footwear Brands Gained Market Share

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Domestic Sports Footwear Brands Gained Market Share In February 2021, Chinese consumers purchased more domestic sports footwear brands than usual. This may be attributed to the number of domestic brands launching products with improved design, style, and cushioning technology. Total market share of domestic brands reached 37% in e-commerce. Li-Ning Company Limited, Anta Sports Products Limited, Peak Sport Products, and 361 Degrees International Limited are among the brands that have grown their appeal among sports footwear consumers. Here is a closer look. Domestic brands gained more share in the high-end market Li-Ning Li-Ning’s share in the Anta’s share in the 800-1000 RMB price Anta 800-1000 RMB price band reached 2.7% band reached 3.0% 2.7% in February compared to its 3.0% in February compared to its 0.9% monthly average from 0.5% monthly average from April to December 2020. April to December 2020. Sports leisure footwear is becoming more popular Gender-neutral products are growing fast The sports leisure The outdoor category More brands launched category captured declined to 1.3% share of gender-neutral products in 65% share of sports total sports footwear February to adapt to strong footwear in February in February, likely because consumers demand among female consumers. 2021 vs. an average of focused on family 59% in April – activities rather than December 2020. shopping during 1.3% 65% the Chinese New Year holiday. Source: The NPD Group/China Sports Footwear E-commerce Tracker, April 2020 – February 2021 If you have questions, or if we can support your business in any way, please contact Suzy Wang at +86 (21) 62753222 ext. 308 or email [email protected]..

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